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1525 W Airline Hwy
La Place, LA 70068
Chick-fil-A NNN Ground Lease Investment · Retail Property For Sale
Investment Highlights
- Long-term absolute triple net lease at $115,000 annually with 10% rental rate increases every five years.
- New construction for Chick-fil-A on a 15-year lease starting November 2021 with eight (8) five-year renewal options.
- Signalized intersection provides excellent exposure and access with visibility to over 38,000 daily drivers.
- Off I-10 at the heart of a retail hub in a New Orleans suburb home to a stable population and employment market.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,739 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.26 AC
Parking
34 Spaces (7.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | 0400373000 | Improvements Assessment | $40,000 |
| Land Assessment | $20,000 | Total Assessment | $60,000 |
Property Taxes
Parcel Number
0400373000
Land Assessment
$20,000
Improvements Assessment
$40,000
Total Assessment
$60,000
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